Nov 23, 2013; Knoxville, TN, USA; Vanderbilt Commodores head coach James Franklin during the game against the Tennessee Volunteers at Neyland Stadium. Vanderbilt won 14 to 10. Mandatory Credit: Randy Sartin-USA TODAY Sports

Report: James Franklin’s contract at Penn State to be finalized Saturday

Wednesday evening Vanderbilt Commodores head coach James Franklin was offered the job with the expectation that he would accept the job, according to ESPN and CBS Sports. According to Brett McMurphy, Franklin’s contract with Penn State should be finalized on Saturday morning.

According to McMurphy, “The Penn State compensation committee is scheduled to meet in a closed session at 8:30 a.m. ET Saturday to discuss a “matter of compensation,” PSU spokeswoman Lisa Powers said. She added that the person whose contract is being reviewed “has not been publicly identified at this time.”

Sources told ESPN that individual is Franklin, who has won 24 games in his three seasons at Vanderbilt, including back-t0-back nine-win seasons. His final game as coach of Vanderbilt would have been the BBVA Compass Bowl win over Houston.

Thursday afternoon, Vanderbilt athletic director David Williams said he spoke with Franklin who called him to say that the things he was hearing were untrue and he expected Franklin to be Vanderbilt’s head coach when their 2014 season opens up against Temple.

Penn State reportedly interviewed Al Golden, Mike Munchak and Greg Roman in addition to Franklin for the job left vacant after Bill O’Brien left after two years for the Houston Texans job.

Tags: James Franklin Penn State Nittany Lions Vanderbilt Commodores